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Does Europe remain focused on austerity and structural changes as its preferred strategy to deal with crisis? Most likely not. Why? On Wednesday, the European Union statistics office noted that 9 of 17 euro-zone member states are now in recession,...
The ECB cut basic rates last week to proceed with verbal interventions this week as well. Mario Draghi said that they are ready to cut interest rates again, if needed, and that they will accommodate the policy to the data that arrives from the...
These days opponents of austerity measures are winning. General unpopularity of savings is understandable. Unemployment in Europe has climbed to the highest record and economic growth is not sustainable. So, the nervousness connected with making...
An organization created and funded by an array of Bulgarian companies, mainly in the agricultural and food processing business – “Made in Bulgaria” – has started an aggressive campaign against foreign-owned supermarket chains in...
A period when winter passes the baton to spring is a time for the largest domestic banks to publish their financial numbers from the previous year. This year is no different and therefore we know the 2012 results of the BIG 3 banks. The year...
At Bratislava´s meeting, the Governing Council of the ECB rewrote the monetary history of the Eurozone. The Council decided to lower basic interest rates to 0.5 % starting from May 8th 2013. It is nothing but a confirmation that nothing was...
European Union was intended to bring peace and prosperity to Europe. Eventually, EU even received Nobel Peace Prize for it. Recently, it has not been very successful in any of the stated objectives, quite the contrary seems to be true. Economy...
European Commission President Barroso started to criticize the austerity measures that the EU has imposed mainly on the Southern European member states in economic crisis. He stated that while the policy may be “fundamentally right,”...
Commission president Barroso proclaimed recently that austerity has reached its limits. Since money doesn’t come to budgets, just like a gift from heaven, the conclusion is simple: you will have to contribute more to your governments. A Slovak...
Cyprus still counting. Slovenians and Greeks got more time. Netherlands turned around. Try the Central Banker simulator. In the last issues of Fiat Euro we promised that we would leave Cyprus alone, but the guy always comes back with some interesting...
